STMicroelectronics and Centrica Energy sign long-term agreement for the supply of electricity produced from renewable sources in Italy
11 Abril 2024 - 3:00AM
STMicroelectronics and Centrica Energy sign long-term agreement
for the supply of electricity produced from renewable sources
in Italy
PR N°: C3249C
STMicroelectronics and Centrica Energy
sign long-term agreement for the supply of
electricity produced from renewable sources in Italy
- 10-year contract for energy produced
by a new solar farm in Italy
- PPA will support 2027 carbon neutral
and 100% renewable energy sourcing goals of semiconductor
manufacturer with 2 large-volume manufacturing sites in Italy
Geneva (Switzerland) and Aalborg (Denmark), April 11,
2024 – STMicroelectronics, (NYSE:
STM), a global semiconductor leader serving customers
across the spectrum of electronics applications, and Centrica
Energy Trading A/S (“Centrica Energy”) announced today that they
have signed a ten-year Power Purchase Agreement (PPA) for the
supply of renewable energy to its operations in Italy, starting
January 2025. The agreement is based on the sale by Centrica of
approximately 61 GWh of renewable energy per year, produced by a
new solar farm in Italy. In Italy, ST operates two high-volume
semiconductor manufacturing sites in Agrate (near Milan) and
Catania as well as multiple R&D, design, and sales and
marketing sites.
Geoff West, EVP and Chief Procurement Officer,
STMicroelectronics, commented: “This second power purchasing
agreement in Italy marks yet another important step towards ST’s
goal of becoming carbon neutral in its operations (Scope 1 and 2
emissions, and partially scope 3) by 2027, including the sourcing
of 100% renewable energy by 2027. PPAs will play a major role in
our transition. Starting in 2025, this PPA with Centrica will
provide a significant level of renewable energy for ST’s operations
in Italy, which includes R&D, design, sales and marketing and
large-volume chip manufacturing.”
Kristian Gjerløv-Juel, Vice President for Renewable Energy
Trading & Optimisation, Centrica, said: “We’re pleased to have
signed this agreement with STMicroelectronics. Centrica Energy
continues to expand its capabilities and through this collaboration
we will bring renewable energy to one of Europe’s biggest
technology companies. This agreement is another example of how
Centrica is developing powerful value propositions for partners and
customers globally."
More information about ST’s energy and climate change
commitments is available here.
About STMicroelectronicsAt ST, we are over
50,000 creators and makers of semiconductor technologies mastering
the semiconductor supply chain with state-of-the-art manufacturing
facilities. An integrated device manufacturer, we work with more
than 200,000 customers and thousands of partners to design and
build products, solutions, and ecosystems that address their
challenges and opportunities, and the need to support a more
sustainable world. Our technologies enable smarter mobility, more
efficient power and energy management, and the wide-scale
deployment of the Internet of Things and connectivity. We are
committed to achieving our goal to become carbon neutral on scope 1
and 2 and partially scope 3 by 2027. Further information can be
found at www.st.com.
About Centrica Energy
Centrica Energy is the trading and optimisation arm of Centrica
plc, operating out of eight offices across all time zones to move
energy from source to use. We are a leading provider of energy
management and optimisation services to business, in addition to
managing commodity risk and providing wholesale market access for
the Centrica group. We have 16 GW of capacity under contract in
Europe of which approximately 80% is renewable assets. Our
mission is to drive the green transition while offering sustainable
and predictable energy costs for suppliers and offtakers. In short,
we call ourselves energy movers by nature.
CONTACTS
STMicroelectronics
INVESTOR RELATIONSCéline BerthierGroup VP, Investor
RelationsTel: +41 22 929 58 12celine.berthier@st.com
MEDIA RELATIONSAlexis BretonCorporate External
CommunicationsTel: + 33 6 59 16 79 08alexis.breton@st.com
Centrica
MEDIA RELATIONSmedia@centrica.com
- C3249C -ST x Centrica PPA Italy_FINAL FOR PUBLICATION
ST Microelectronics (BIT:STM)
Gráfico Histórico do Ativo
De Jan 2025 até Fev 2025
ST Microelectronics (BIT:STM)
Gráfico Histórico do Ativo
De Fev 2024 até Fev 2025
